Ballentine Partners LLC Trims Position in NextEra Energy, Inc. (NYSE:NEE)

Ballentine Partners LLC lowered its holdings in NextEra Energy, Inc. (NYSE:NEE) by 34.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,324 shares of the utilities provider’s stock after selling 16,655 shares during the period. Ballentine Partners LLC’s holdings in NextEra Energy were worth $2,002,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Clear Investment Research LLC raised its position in shares of NextEra Energy by 387.2% in the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after buying an additional 364 shares during the period. BOK Financial Private Wealth Inc. acquired a new stake in NextEra Energy during the fourth quarter worth about $29,000. Stuart Chaussee & Associates Inc. raised its holdings in shares of NextEra Energy by 315.4% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 410 shares during the period. Valued Wealth Advisors LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at about $34,000. Finally, Rakuten Securities Inc. purchased a new stake in shares of NextEra Energy during the 4th quarter worth about $34,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Barclays reduced their price objective on NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 13th. Mizuho cut NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target for the company. in a report on Wednesday, June 12th. Royal Bank of Canada increased their price objective on shares of NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Morgan Stanley upped their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Finally, Evercore ISI lifted their price target on shares of NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $76.50.

NextEra Energy Stock Performance

Shares of NYSE NEE traded up $0.11 during trading on Monday, reaching $72.92. The stock had a trading volume of 430,728 shares, compared to its average volume of 11,828,435. The firm’s 50 day moving average price is $72.29 and its two-hundred day moving average price is $64.07. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $80.47. The stock has a market cap of $149.82 billion, a PE ratio of 19.72, a P/E/G ratio of 2.48 and a beta of 0.56. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same period last year, the firm posted $0.84 EPS. The company’s revenue for the quarter was down 14.7% on a year-over-year basis. On average, research analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s payout ratio is 56.13%.

NextEra Energy Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.